Flavors and Fragrances Market Report 2020-2025 | Industry Share, Size, Demand, Growth and Analysis of Leading Players

According to the latest report by IMARC Group titled, "Flavors and Fragrances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the market was worth US$ 29.8 Billion in 2019. Looking forward, the market to grow at a CAGR of around 5.1% during 2020-2025 reaching a value of US$ 40.6 Billion by 2025.

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Flavors and fragrances are additives that are used to improve the taste and smell of various consumer products. They are usually prepared using essential oils and natural/artificial chemicals, including esters, alcohols, acids, aldehydes and lactones, to deliver a specific flavor and aroma or enhance the existing ones. They are added to provide the consumers with a variety in terms of aesthetics, taste or aroma of products, such as food and beverages, soaps/detergents, cosmetics, household cleaners and air fresheners.

The global market is driven by a substantial increase in the consumption of fast-moving consumer goods (FMCG), including convenience food, ready-to-eat products, personal care and home care products. Furthermore, rapid urbanization and product premiumization are acting as other growth-inducing factors. The changing lifestyle and increasing consciousness of physical appearance have augmented the demand for personal care products, which is consequently contributing to the market growth. Other factors, including rising demand for organic and natural products and increasing disposable incomes, are projected to drive the market further.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/flavors-fragrances-market

Key Market Segmentation:
Global Flavors Market:

Breakup by Product Type:
o Natural-Identical
o Artificial
o Natural

Breakup by Form:
o Liquid
o Dry

Breakup by Application:
o Beverages
o Dairy and Frozen Desserts
o Bakery and Confectionery Products
o Savories and Snacks
o Others

Breakup by Region:
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o Latin America

Global Fragrances Market:

Breakup by Application:

o Soap and Detergents
o Cosmetics and Toiletries
o Fine Fragrances
o Household Cleaners and Air Fresheners
o Others

Breakup by Ingredients:

o Natural
o Synthetic

Breakup by Region:
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o Latin America

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Givaudan, Firmenich, International Flavors & Fragrances, Symrise, Takasago, Sensient, Mane, Robertet, T.Hasegawa, Frutarom, Bell Flavors & Fragrances, Archer Daniels Midland, Kerry, Ogawa & Co., Ltd., Huabao, etc.

Browse related reports:

Aroma Chemicals Market Research Report: https://www.imarcgroup.com/aroma-chemicals-market

Oleochemicals Market Research Report: https://www.imarcgroup.com/oleochemicals-market

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